Alligator Energy Ltd (ASX:AGE) has confirmed the potential for a ‘globally competitive’ low-cost in-situ recovery (ISR) uranium operation in a scoping study for the Blackbush deposit within the Samphire Project, south of Whyalla in South Australia.
The study supports a production estimate of 1 million pounds per annum of uranium, with a life-of-mine production target of 10 million pounds over 12 years solely from the Blackbush deposit alone.
It also put forward a low initial capital expenditure forecast of A$129.3 million, including a significant combined contingency and cost escalation allowance of 40%.
Notably, the Samphire Project economics was assisted by proximity to key infrastructure, a local workforce, low reagent consumption, a shallow uranium deposit and good permeability of the host sands.Furthermore, a low environmental footprint, focus on minimal disturbance and continuous rehabilitation, and no long-term impact on saline groundwater demonstrate the potential for a low carbon intensity project. Increasing uranium demand Alligator […]
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